CREATIVE LIVING PG.

311

Write the answers on the back of

the worksheet on the middle table
Get a pair of scissors
MAKING PAYMENTS:

*WRITING A CHECK
*USING A DEBIT CARD
*BALANCING A CHECK REGISTER
The Checkbook

Contains:
• Checks
• Deposit slips
WRITING CHECKS
WHEN WRITING A CHECK:

Your telling your financial institution to take a

certain amount of money out of your account.
You should be careful to write checks correctly to
avoid costly and embarrassing mistakes.
A blank check has a space for quite a bit of
information. When you write a check, you will want
to fill in each of the spaces correctly.
TIPS FOR WRITING A CHECK:

Always use ink.

Date the check the day it is written, even if
it’s Sunday or a holiday.
Do not postdate a check, financial
institutions will not cash a check before the
date that is written on the check.
Most businesses will not accept a postdated
check as payment.
WHO IS THE CHECK FOR?

In the blank after the

words “Pay to the
order of” write the
name of the payee.
Spell it correctly, and do
not use any
abbreviations that may
cause confusion.

Write a check to the person beside you

 HOW MUCH IS THE CHECK FOR?

Record the amount

of money to be paid
clearly in the space
after the dollar sign.
Never leave a space
between the dollar sign
and the numerals (this
may allow someone to
alter the amount).

Write the check in the amount of $1729.32

WRITE AMOUNT IN WORDS…

 On the next line, write out the amount of dollars in words.

 Then write the word “and,” followed by the number of cents
written as a fraction of 100.
 Start with writing at the extreme left of the blank.
 Fill in any leftover space with a line.
 WRITE YOURSELF A NOTE…

 Most checks have the word

“for” or “memo” and a
blank in the lower left-hand
corner.
 You do not need to fill in
this blank, but doing so will
help you keep clearer
records.
 When you write a check
for a purchase, make a note
of what you have bought.
 SIGN IT!

 Finally, there is a blank for your signature.

 Always use the same signature you filed with
your financial institution.
 Be sure you have written the name of the
payee and the amount to be paid before you
sign the check.
 DON’T FORGET…
 Immediately after writing a check, make a note of it in your
check stub or in your register.
 Write the check number, the date, the payee, and the
amount in your register.
 This is necessary for complete and accurate records.
 never cross out or change a check once it has been
written
 If you make a mistake, print VOID across the incorrect
check and write a new check
Electronic Banking

• ATM transactions

• Debit card
transactions

• Electronic bill pay

Debit Card

A debit card lets you:

• Deposit and withdraw money
• Make purchases at retail
locations
Be careful!
• The money is immediately
taken out of your account
Electronic Bill Pay

• Automatically pays
your bills from your
account
– No postage
– No late payments

• Also pay bills online

Add Money to Your Checking
Account

• Cash or check
deposit using the
teller service

• ATM deposit

• Deposit by mail

• Direct deposit
Sign the Back
of the Check
Deposit Slip- label the parts

3/22/20XX

Deposit your paycheck for 789.52

You want $100 in cash
Add this transaction to your register
ATM Deposits

• Like an ATM
withdrawal

• Use the special

deposit envelope

• Take the receipt

Direct Deposit

• Directly into your checking

account

• Your money is available

immediately
“Bad” or NSF Check

• A check you write when there isn’t

enough money in your checking
account to cover it
• Also called a “bounced check”
• Bad check fees
• Negative activity reported
• Bank closes your account
• Civil and/or criminal prosecution
• Merchants may not accept your
checks
• Your credit may be impacted
Write these on the back of your
worksheet
WRITE THE CHECKS AND
FILL IN YOUR CHECK REGISTER